Sun, Feb 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Isle of Man is open and ready for hedge fund business

Thursday, May 30, 2013

amb
Ian Morley
by Beverly Chandler, Opalesque London:

Ian Morley is currently founder of Wentworth Hall Consultancy but as a veteran of the European hedge fund industry, he is better known for his role as founder chairman of the forerunner of the current alternatives trade body AIMA, EMFA, the European Managed Futures Association.

These days find Morley advising the Isle of Man, one of the less well known of the UK’s offshore centres. "I try to help them increase their exposure in the funds industry generically" he says. The island has an active and diverse economy, from broad financial services including banking, insurance and fund administration, but they also have substantial businesses in shipping and aircraft registration, gaming, IT and listing AIM companies.

"The Isle of Man is positively encouraging hedge funds to choose the Island as a location and offering incentives" he says. The Island is offering 40% of certain costs covered for two years to new funds or start-up businesses who register there. "The Island wants to support hedge fund firms so that they can concentrate on raising and managing the money rather than hiring compliance consultants" Morley says.

Morley explains that the Regulator, the Financial Services Commission, realises how difficult it is for start-up funds to raise capital in the current market environment. "To make things easier for star......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would